News in Briefs
Spirit Lake Explorations (ME) has completed flow-through financing totalling $1.2 million with NIM Resources at a price of $3.93 per share, subject to shareholders approval. These funds will be spent …
News
Mining industry would help fund acid mine drainage research
A commitment by the Canadian mining industry to help fund a program of environmental research into the long-term management of waste rock and tailings has been announced by the Mining Association of C…
Placer gets Amoco stake in Detour Lake gold mine
Placer Dome Inc. (TSE) has become a wealthier and slightly larger gold producer following the closing of a $5.5 billion acquisition of Placer Dome Petroleum by Amoco Canada Co. When the largest merger…
FINANCING (September 12, 1988)
ONTARIO Dayton Porcupine Gold — final rec iss offer 1,000,000 @ 37 cents per sh to net $350,000. Marcus — final rec iss offer 1,000,000 @ 35 cents per unit to net $315,000. VANCOUVER Mollie Gibson …
New find on Golden Pond property
Days away from officially opening their Golden Pond gold mine in the Casa Berardi region of Quebec, partners Inco Gold and Golden Knight Resources (TSE) have announced significant drill intersections …
Seabright Explorations plans bulk sample
A 10,000-20,000-tonne bulk sample is planned for the Touquoy zone at the Moose River gold project in Nova Scotia, Seabright Explorations (TSE) reports. The proposed sampling area has been stripped. A …
B.C.’s mining industry rankles at park decision
British Columbia’s mining industry reacted strongly to a new ban on resource development in Strathcona Park, the primary recommendation of a recent report by the Strathcona Park advisory committee. To…
Isle Dieu boosts Matagami’s life
Noranda Inc.’s (TSE) Isle Dieu zinc-copper discovery in 1985 was a timely find. The 25-year-old Mattagami Lake mine, just across the road from Isle Dieu, will yield its last ton of ore late this year …
Editorial A world leader
Mines are where you find them, and in the case of uranium, the best mines in the world are in Saskatchewan. The rest of the world just can’t compete. Sitting on the best of them is a new company owne…
Echo completes Cameron Lake study
Echo Bay Mines (TSE) is still tallying up the results of a feasibility study on Nuinsco Resources’ (TSE) Cameron Lake gold property in northwestern Ontario. But Nuinsco President Doug Hume said he exp…
New Pamour boss named
The Pamour group of companies has a new chief executive officer. An Australian, Adrian Fleming, will move over from his position as executive director exploration of parent firm Giant Resources to ass…
Strike Affects Earnings at Gibraltar Mines
Higher copper prices and lower unit costs led to significantly improved first half results for Gibraltar Mines (TSE), a Placer Dome (TSE) subsidiary, which operates an open pit copper mine near Willia…